trivago (NASDAQ:TRVG) Sees Large Decrease in Short Interest

trivago (NASDAQ:TRVG) was the recipient of a large decrease in short interest in June. As of June 30th, there was short interest totalling 60,700 shares, a decrease of 16.6% from the June 15th total of 72,800 shares. Based on an average daily volume of 65,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.3% of the company’s stock are short sold.

trivago Price Performance

NASDAQ:TRVG opened at $2.22 on Monday. The firm has a 50-day moving average of $2.19 and a two-hundred day moving average of $2.43. trivago has a 1-year low of $1.98 and a 1-year high of $7.40.

trivago (NASDAQ:TRVG) last issued its quarterly earnings results on Tuesday, April 30th. The technology company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). trivago had a negative net margin of 38.54% and a positive return on equity of 4.40%. The business had revenue of $110.13 million during the quarter, compared to analysts’ expectations of $115.47 million. On average, research analysts expect that trivago will post -0.08 EPS for the current year.

Analyst Upgrades and Downgrades

TRVG has been the topic of a number of recent research reports. Mizuho reduced their price objective on trivago from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Thursday, May 2nd. B. Riley reduced their price target on trivago from $3.30 to $3.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.93.

Institutional Trading of trivago

A number of hedge funds have recently made changes to their positions in the stock. Inflection Point Investments LLP bought a new position in trivago during the 4th quarter valued at $572,000. Quadrature Capital Ltd bought a new position in shares of trivago during the fourth quarter worth about $67,000. BNP Paribas Financial Markets acquired a new position in trivago in the first quarter worth about $173,000. Acadian Asset Management LLC increased its holdings in trivago by 10.3% in the first quarter. Acadian Asset Management LLC now owns 721,020 shares of the technology company’s stock valued at $1,966,000 after buying an additional 67,053 shares during the last quarter. Finally, Tidal Investments LLC acquired a new stake in trivago during the first quarter valued at approximately $393,000. Institutional investors and hedge funds own 4.50% of the company’s stock.

trivago Company Profile

trivago N.V., together with its subsidiaries, operates a hotel and accommodation search platform in the United States, Germany, the United Kingdom, Canada, Japan, and internationally. It offers an online meta-search for hotels and accommodation through online travel agencies, hotel chains, and independent hotels.